February 14, 2025
The Los Angeles Economic Development Corporation has issued a report, prepared by the Institute for Applied Economics, detailing the economic impacts of the 2025 L.A. fires. The report estimates that total property damage is between $28.0 billion and $53.8 billion and that business disruption losses range from $4.6 billion to $8.9 billion. See the report for details: https://laedc.org/wpcms/wp-content/uploads/2025/02/LAEDC-2025-LA-Wildfires-Study.pdf